Cirrus Logic Stock Just Stumbled. The Apple Question Comes Next
Cirrus Logic Inc. heads into June with its shares off the top of a choppy, holiday-shortened week: CRUS closed Friday at $169.95, down 2.51%, and down about 0.7% from its May 22 close after touching $180.42 on Wednesday. That matters now because the next trade comes with the stock still near the high end of a 52-week range of $92.02 to $180.42. Investors have an Apple story, an earnings story and a diversification story. They now need the chart to hold up.